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Statements I and III are correct. Statement II is incorrect as NPCI has engaged in other international collaborations. • NPCI International Payments Ltd. (NIPL), the international division of the National Payments Corporation of India (NPCI), has entered into an agreement with the Bank of Namibia to assist in developing an instant payment system similar to India's Unified Payment Interface (UPI) for Namibia. • This partnership aims to modernize Namibia's financial ecosystem by leveraging the technology and expertise developed through India's UPI system. • Such international collaborations highlight the expansion of Indian digital payment systems globally, it underscores India’s role in influencing global financial technology and cooperation. Learn Along: About NPCI • National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. • MD & CEO: Mr. Dilip Asbe
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ABC Ltd has made purchases of Rs.100,000 during the year. The balance sheet shows an average accounts payable balance of Rs12,000. ABC Ltd payable payme...
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______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
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An approach that tries to match the output of manufacturing with market demand, in order to minimize inventories is called
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